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Securing the Blockchain: Insights from an Industrial Bitcoin Mining Expert

Securing the Blockchain: Insights from an Industrial Bitcoin Mining Expert

Mining is an important function of blockchain systems forming a part of the consensus algorithm. It ensures fairness and a certain level of randomness in the way transactions are confirmed. The centralized nature of Bitcoin mining is controversial for its reliance on specialized hardware and access to abundant energy, which is an intrinsic function of the proof-of-work mechanism.

In this talk, Peter Ng shares his experience on running more than 40 industrial-sized mining sites, and his views on the future of blockchain mining. All up, Peter manages 250 MW, enough to power around 200,000 average US homes.

Program:

– Introduction to Mining (25min)
– Fireside Chat

Video:

https://youtu.be/K8kua5B5K3I